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On the date of the cash distribution, Jane’s basis in her EFG Inc. stock was $10,000 and Joe’s basis in his EFG Inc. stock was $35,000. What is Joe’s adjusted basis in his EFG Inc. stock after the distribution?
On the date of the cash distribution, Jane’s basis in her EFG Inc. stock was $10,000 and Joe’s basis in his EFG Inc. stock was $35,000. What is Joe’s adjusted basis in his EFG Inc. stock after the distribution?